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Jerome Powell says the US economic future may depend on factors outside the Feds’ control. According to Powell, a soft landing is uncertain for the US economy. The US economy is likely headed for a recession by the end of 2023 to early 2024. The US Federal Reserve chair, Jerome Powell, acknowledged that the country’s economic future may depend on factors outside the Feds’ control. While speaking to the press, Powell said he had thought the soft landing was a plausible outcome. After leaving interest rates unchanged, Powell expressed uncertainty about how the economic future of the United States will play out. In a recently uploaded video on the Altcoin Daily crypto YouTube channel, the host noted that Powell’s statement on a looming recession and a soft landing is a concerning development. According to the host, it has been the Feds’ goal to raise interest rates, curb inflation, and achieve what is known as a soft landing. The channel’s host described a s...

Charles Hoskinson and the XRP community clashed on Twitter over allegations of SEC bribery. Hoskinson challenged XRP supporters to prove that ETH founders bribed the SEC. Experts have argued that the SEC may shy away from letting the pending Ripple case go to trial due to these allegations. In a recent exchange on X (formerly Twitter), Charles Hoskinson, the founder of Cardano (ADA), became embroiled in a heated debate with members of the XRP community. The discussion revolved around allegations of conspiracy and bribery between the founders of Ethereum and the U.S. Securities and Exchange Commission (SEC). In a conversation thread, an X user claimed that Hoskinson had labeled XRP enthusiasts “crazy conspiracy theorists” for alleging that the founders of ETH bribed the U.S. regulator. Additionally, the X user asserted that recent events have proved that the XRP community is correct in its claims. Hoskinson responded with a challenge, asking for...

Max Keiser Net Worth (2023): A Guide In the ever-evolving world of finance, some individuals stand out for their unique perspectives and contributions. Max Keiser is one such individual, a pioneer in digital currencies and a prominent figure in the global financial system. With a career spanning over two decades, Keiser has significantly contributed to understanding and adopting digital currencies, particularly Bitcoin. This article will delve into Keiser’s background, his early adoption of Bitcoin, and Max Keiser’s Net Worth in 2023. Join us as we explore the journey of Max Keiser, an influential American broadcaster and financial commentator. Also read: Crypto Billionaires on the Forbes List Cryptowinrate.com Early Years and Wall Street Career Max Keiser was born in New York City in 1960. He embarked on his career in finance in the 1980s, working as a stockbroker for prestigious firms such as Paine Webber and Shearson Lehman Brothers. During this time, Keis...

Nexo is on a mission to maximize the value and utility of digital assets. The Cloud Security Alliance (CSA) is a leading organization dedicated to defining and promoting best practices for a secure cloud computing environment. CSA collaborates with industry experts, associations, governments, and members to provide cloud security-specific research, education, training, certification, events, and products. Nexo, one of the best cryptocurrency apps for beginners, has achieved the Cloud Security Alliance’s Security, Trust & Assurance Registry (STAR) Level 1 Certification, strengthening its commitment to cloud infrastructure security. This certification, obtained after the successful SOC 2 Type 2 audit and ISO 27001 standardization, emphasizes Nexo’s dedication to client data security and transparency. The development is welcome news for Nexo users since the firm paid $45 million as a settlement with the US Securities and Exchange Commission (SEC)...

The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime. The Philippines Securities and Exchange Commission (SEC) has teamed up with its United States counterpart, as well as the Asian Development Bank to crack down on criminals using cryptocurrencies to commit fraud and other financial crimes. According to a Sept. 15 press release, the three institutions conducted an International Organization of Securities Commissions (IOSCO) Investigation and Enforcement Training workshop last month, in a bid to upskill their combined fraud and scam prevention toolkit when it came to crypto -related crimes. The Securities and Exchange Commission (SEC) Philippines collaborating with international organizations to further its mandate of protecting the public from securities fraud and other forms of investment scams. Read more at https://t.co/TzdieiKRSp#SECupdates pic.twitter.com/3ANDH9yrwC — SEC Philippines (@SEC_Philippines) Se...

DOT faces resistance at $4.22, showing signs of weakening momentum. Trading volume surges as DOT holds above $4.09, hinting at renewed trust. Negative momentum dominates DOT/USD as indicators signal a potential increase in selling pressure. Polkadot‘s native cryptocurrency, DOT, gained positive momentum but gradually weakened after encountering a resistance level at the intraday high of $4.22. As a result of the bears’ relentless selling pressure, the price dropped below $4.09, where it found temporary support. At press time, DOT was trading at $4.14, down 1.34% from its intraday high. Traders attempting to cash in on the recent price increase may be responsible for the modest decline in activity. During the recession, DOT’s market capitalization dropped 1.33% to $5.070 billion, while its 24-hour trading volume increased 9.80% to $103.6 million. This contrast demonstrates that, despite the minor price fall, there is still substantial trad...

With almost all short-term Bitcoin holders now underwater, a “degree of panic is dominating this group,” Glassnode says. The Bitcoin (BTC) market sentiment has shifted towards the negative for the first time since the end of 2022. Almost 98% of short-term holders (STH) supply is now held at a loss, Glassnode revealed in a recent report. The market is now at the deepest level since FTX collapsed. The analysts add that the cost basis of those investors who are spending crypto at current levels fell below the cost basis of holders . Bitcoin investors confidence since 2019 | Source: Glassnode This behavior suggests a “degree of panic” among short-term investors, which might indicate the unwillingness of STH to buy or sell crypto in the near term. You might also like: JP Morgan lowers Bitcoin production costs after CBECI update Glassnode pointed out the market has seen a “modest influx of new investors.” And yet, the influx of new investor...

Solana (SOL) co-creator Anatoly Yakovenko is urging lawmakers in the United States to bring regulatory clarity to the digital asset industry to keep the country’s innovative spirit flourishing. In a new op-ed published by Fortune, Yakovenko warns that the anti-crypto policies in the US are causing blockchain technology entrepreneurs to locate in other countries with more accommodating climates. Says Yakovenko, “I meet promising entrepreneurs every day who want to build the next great technological innovation in America but don’t know how to build a blockchain company in a compliant way… It’s well-documented that there’s no viable path to reasonable regulatory certainty in the space. For young entrepreneurs, the absence of clear rules is terrifying. They see public, multi-billion dollar companies struggle to navigate the legal landscape, and wonder how their tiny project will survive. Faced with the choice of staying in America or building their dream...

With Bitcoin (BTC) starting the week on a bullish note, much like the majority of assets in the cryptocurrency market, experts predict more gains to come, and some are confident that the maiden digital asset will surpass $100,000 in the next couple of years. As it happens, pseudonymous cryptocurrency analyst PlanB, a.k.a. 100trillionUSD, reiterated the prognosis from earlier this year, arguing that Bitcoin’s halving event could trigger its move above $32,000, with the 2025 bull market culminating at $100,000 and beyond, in an X post published on September 18. Indeed, as the expert pointed out, the November 2022 low was the bottom for Bitcoin, expecting it to rise towards the 2024 halving, particularly as it has already risen from $18,000 to $27,000 since January 12, when PlanB made the original prediction. Bitcoin’s realized price. Source: 100trillionUSD Therefore, the analyst believes that the 2024 halving will bring the largest crypto asset into a price range between $23,000 an...

While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud's Web3 lead.  In an interview with Cointelegraph, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the business logic in the smart contract rather than the supply and demand dynamics of the token : “What are the business problems that you want to get executed? When you're running a smart contract to execute some business logic to solve your business problem, you're using a token, but the token is not the thing, it’s the business problem that's the thing.” “So I would like us to get away from all this talk about token s and token speculation as if that is Web3 — that is not Web3,” Tromans added...

Recent security breach on iToken exposes customers’ private keys. Law enforcement launched an investigation into the perpetrator, who is an ex-Huobi staff. The assets of affected users successfully transferred to a secure wallet. In an exclusive report, Colin Wu, a prominent Chinese reporter, revealed a significant security breach in the iToken platform, formerly known as Huobi Wallet, which has led to the leakage of customers’ private keys. According to Wu’s tweet, the breach was orchestrated by a former employee of the renowned Huobi crypto exchange. Wu noted that the employee had planted a Trojan virus within the iToken system. As a result of the malicious action, certain user mnemonics and private keys of Huobi users were compromised. Exclusive: Due to a Trojan virus set up by a former Huobi employee, some user mnemonics or private keys of iToken (formerly Huobi Wallet) have been leaked. The employee has been investigated by the police. ...

With the majority of the cryptocurrency market slowly moving to reverse the losses suffered in the previous dip, Bitcoin (BTC) is no different, and cryptocurrency experts agree that more price gains, perhaps even a new all-time high (ATH), could be in store. Indeed, pseudonymous crypto analyst Trader Tardigrade said that the next target for Bitcoin could be $46,000, based on the linear chart that has demonstrated a similar track in the period between 2018 and 2021, according to the Analysis shared on September 15. Bitcoin linear chart analysis. Source: Trader Tardigrade New record in the making? Earlier, the crypto expert projected that the flagship decentralized finance (DeFi) asset would witness a “parabolic rally” and perhaps even reach a new record, stating that Bitcoin “has never lost its track” and that the “new Bitcoin ATH is brewing in this post-Shakeout Bull Run.”  Additionally, in the most recent post on social media, he highlighted that $30,000 would be a foundation ...

In the crypto market, meme coins have emerged as a unique niche inspired by internet memes and trending topics.  Dogecoin (DOGE) is the pioneer of meme coins , created by software engineers Jackson Palmer and Billy Markus in December 2013. It was designed for quick and easy payments as a decentralized cryptocurrency. Although it was initially thought of as a “joke coin,” Dogecoin’s dedicated community embraced this characterization. As a result, it paved the way for other emerging meme coins .  This article explores the top three contenders that could follow in DOGE’s footsteps. Pepe Coin (PEPE) Pepe Coin (PEPE) gained popularity in Q2 2023.  The name comes from the internet meme “Pepe the Frog,” which gained popularity online in the early 2000s. PEPE quickly became a popular digital asset, with a market capitalization of almost $1 billion a few weeks after launching. This success story suggests it may continue gainin...

BTC price gets a fresh boost from market calm over Fed interest rate policy, as Bitcoin traders eye further gains. Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation . BTC/USD 1-hour chart. Source: TradingView Bitcoin gains while U.S. PPI beats forecast Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it made new September highs, topping out at $26,762. Bitcoin built on strength seen after the previous daily close, ignoring the implications of the U.S. inflation rebound as confirmed by both the Consumer Price Index (CPI) and Producer Price Index (PPI) August prints. The latter came in at 1.6% year-on-year against market expectations of 1.3%. Crypto nonetheless joined traditional markets in rejecting the idea that U.S. macro policy might stay more restrictive for longer in order to tame inflation . According to CME Group’s FedWatch Tool, there was practically no consensus over ...

Crypto analyst MartyParty dismisses FUD in the market regarding FTX’s expected SOL sell-off. According to a court filing, FTX owns $1.16 billion worth of Solana. MartyParty stresses that FTX cannot unlock staked Solana before 2025, and even then the weekly sell-off limit will ensure no major dip is caused. Crypto trader and analyst MartyParty recently posted a tweet exploring the potential impact of FTX’s expected dumping of SOL on centralized exchanges. On September 13, Judge John Dorsey announced that bankrupt crypto exchange FTX is now approved to sell $3.4 billion in SOL, ETH, BTC, and other digital assets, at the U.S. Bankruptcy Court for the District of Delaware. According to a court filing that surfaced on Monday, FTX holds  $1.16 billion in SOL, $560 million in bitcoin (BTC), $192 million in ether (ETH), and $137 million in aptos (APT). FTX’s SOL holdings exceed one-third of the company’s overall liquid cryptocurrency portfolio, valued...

Key Takeaways Volatility briefly rose in crypto markets last month but is back near all-time lows Capital flight out of the space has been enormous, with liquidity also at multi-year lows Trading volume continues to decline, with Binance’s volume down 95% from the peak in 2021 Ethereum is now trading at a similar volatility to Bitcoin A combination of tight monetary conditions in the economy, as well as crypto-specific scandals and a regulatory crackdown, have all made their mark on the space Volatility in the crypto markets is back to multi-year lows. After a brief pickup amid the positive ruling on the Grayscale ETF case last month, markets are back to the placid state we have become familiar with this year. Looking at 90-day annualised volatility, both Bitcoin and Ethereum are close to the lowest levels we have seen. The chart below shows that, aside from three isolated episodes, we have seen volatility in a near-constant state of decline since ...

DOGE faces resistance at $0.06209, signaling a potential bearish trend. Bollinger bands indicate short-term consolidation with lower volatility. Stochastic RSI suggests DOGE is oversold, hinting at a possible price reversal. Resistance at $0.06209 wiped off the positive momentum in Dogecoin (DOGE) during the last 24 hours. As a result, DOGE bears drove the price down to an intraday low of $0.06064 until buyers stepped in and drove it back toward its price of $0.06081 at press time. If DOGE breaks below the $0.06064 support level, the next significant barrier is at the $0.05950 level. However, a sustained buying interest and a subsequent break over the $0.06209 barrier might signal a continuation of the bullish trend towards $0.06300 and $0.06500. The DOGE’s market capitalization fell 0.43% to $8.59 billion, while its 24-hour trading volume plunged 23.80% to $209.51 million. This decline in market capitalization and trading volume indicates waning inv...